Just that really. I'm going into a permanent job soon. I am sick to absolute f of renting ****holes. I'd like to buy. (In Dublin). I have done the sums and I think in three years I could save 18-20k. I'm single atm and I'm not counting on meeting anyone. Obv depending on a bit of a bubble-burst too. Is this really unrealistic? I have no possibility of handouts either. Very worried. If I'm still forced to rent a dog box at 800+ in three years time I'm looking at leaving Ireland. Mid thirties and these are the years!

It'll be low to start (24) but I work on the side creatively. And the job has increments. Obviously looking for central bank exception too. However I'm fit and healthy and I don't want kids and the job is solid.

Are you aware of the amount you could borrow? If you're on 30k in 3 years, you can borrow 105k plus whatever you have as deposit. Might be difficult to find something reasonable for that money in Dublin.

Just to put it into perspective, there's a reason why people are severely unhappy with how the market is, low earners can either rent, commute or both.

Are you aware of the amount you could borrow? If you're on 30k in 3 years, you can borrow 105k plus whatever you have as deposit. Might be difficult to find something reasonable for that money in Dublin.

Just to put it into perspective, there's a reason why people are severely unhappy with how the market is, low earners can either rent, commute or both.

Yes: I'd be hoping for a Central Bank loan to value exception. There are a lot of variables. But the way I see it, I will be paying more than the would-be repayments on rent now for years. And saving. If I don't meet a partner that I'd want to buy with I don't see why it should be off-limits for someone alone.

Had a meeting with a mortgage advisor last month to discuss this. Also looking to buy solo in Dublin. Key points were:
Max loan 3.5 times salary, exemption is possible up to 4.5 but need to make a good case - permanent employment, secure role, good deposit
Will only lend 75% of value for a one bed, up to 90% for a two bed

Based on my salary and current savings I would be able to get a property at around the €200k mark. Take a look at daft and see how few options are available at that level. An exemption @ 4.5 times salary would get €250k, but again any reasonably good property will involve a long commute.

Definitely start saving regularly and set yourself some targets, but your probably looking a 5 years or more before you will be in a position to buy (in Dublin at least).

Not being funny but why are you living in Dublin paying almost 10k a year in rent when you only take home less than 24k from your day job?
Surely you could get a job anywhere in the country that pays more than that without the Dublin overheads

Yes: I'd be hoping for a Central Bank loan to value exception. There are a lot of variables. But the way I see it, I will be paying more than the would-be repayments on rent now for years. And saving. If I don't meet a partner that I'd want to buy with I don't see why it should be off-limits for someone alone.

You're unlikely to get an exemption at such a low wage considering the repayments and your take home pay.

A property in Dublin CC for anyone on 30k as a single applicant is scraping the barrel.

Not being funny but why are you living in Dublin paying almost 10k a year in rent when you only take home less than 24k from your day job?
Surely you could get a job anywhere in the country that pays more than that without the Dublin overheads

That's the conundrum- the job is dublin. I've been here 16 years and my life is here now too, I wouldn't be precious about commuting but 'proper' relocating isn't a real option.

Had a meeting with a mortgage advisor last month to discuss this. Also looking to buy solo in Dublin. Key points were:
Max loan 3.5 times salary, exemption is possible up to 4.5 but need to make a good case - permanent employment, secure role, good deposit
Will only lend 75% of value for a one bed, up to 90% for a two bed

Based on my salary and current savings I would be able to get a property at around the €200k mark. Take a look at daft and see how few options are available at that level. An exemption @ 4.5 times salary would get €250k, but again any reasonably good property will involve a long commute.

Definitely start saving regularly and set yourself some targets, but your probably looking a 5 years or more before you will be in a position to buy (in Dublin at least).

That's actually really helpful that you can get a better deal for a two bed than a one bed. I didn't know that. I suppose the possibility of renting out a room is a factor in that.